Truvestments Capital LLC Has $683,000 Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Truvestments Capital LLC raised its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 10.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,552 shares of the company’s stock after acquiring an additional 2,279 shares during the quarter. Truvestments Capital LLC’s holdings in Verra Mobility were worth $683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quest Partners LLC lifted its position in shares of Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after acquiring an additional 953 shares during the period. Signaturefd LLC increased its stake in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after purchasing an additional 561 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares during the period. Fifth Third Bancorp boosted its position in shares of Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock worth $85,000 after purchasing an additional 2,740 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after buying an additional 694 shares during the period.

Wall Street Analyst Weigh In

VRRM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Morgan Stanley lowered their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $24.00 on Monday. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a fifty-two week low of $19.67 and a fifty-two week high of $31.03. The firm’s 50-day simple moving average is $25.87 and its 200 day simple moving average is $27.00.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $225.55 million for the quarter, compared to analysts’ expectations of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, research analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.